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TrustArc Report: Privacy Software Now a Board-Level Priority

Privacy has climbed from a back-office concern to a boardroom talking point in a single year, according to TrustArc's 2021 Global Privacy Benchmarks Report. The second annual edition puts hard numbers on a shift that compliance teams have been feeling for a while.

The headline figure is the jump in organisations running a formal privacy program: 83% in 2021, up from 67% in 2020. That 16-point swing is the clearest signal yet that privacy is no longer treated as a side project.

What the report actually says

The 2021 edition surveyed privacy leaders and staff across regions and industries to rank privacy maturity. Three numbers carry most of the weight.

The 83% figure for formal privacy offices shows that privacy is now institutionalised at most organisations rather than handled by a single overworked generalist. The 51% who flag third-party and attacker cyber risk as the top concern points to supply chain and ransomware anxiety as the practical driver. The 73% who feel they should be doing more captures the workload pressure: more rules, more data, more regulators, same headcount.

Who should care

Audience What to do
Privacy leads Formal programs are now the baseline expectation. Your mandate grew; so did your liability.
Product managers Third-party cyber risk tops the concern list. Vendor assessments and supply chain reviews belong on your roadmap.
Agile teams 73% of staff feel they should be doing more on privacy. Embed review into the definition of done rather than scheduling an annual audit.
SaaS founders Comprehensive platforms track with higher maturity scores. A cookie banner alone signals reactive, not strategic, privacy posture.

Why this matters for agile and product teams

Privacy work has always been a poor fit for waterfall-style annual reviews. Regulations change, products ship every two weeks and personal data flows through every new feature. Treating privacy as a checklist at the end of a project does not keep pace.

The TrustArc data backs up what mature agile teams have already figured out: privacy belongs inside the sprint. Bake privacy review into the definition of done, give the privacy office a seat in backlog refinement and treat a privacy impact assessment as a normal story, not an annual fire drill.

The finding that comprehensive privacy platforms correlate with higher Index scores is the most actionable signal for leadership. Stand-alone cookie consent tools cover a slice of the problem. Integrated platforms that handle assessments, vendor risk, data mapping and reporting tend to track with stronger overall privacy performance.

Where this leaves privacy leaders

The report frames 2021 as the year privacy teams got the formal mandate they had been asking for, along with the workload that comes with it. The flip side of 83% having a privacy office is that those offices are now expected to deliver against regulations that keep multiplying.

TrustArc CEO Chris Babel's reading of the data is that remote work exposed weaknesses that were easier to ignore when everyone sat on the same network. Privacy teams are being asked to plug those holes while also handling more vendor risk, more breach reporting and more customer questionnaires.

What to watch next

Watch how the 16-point jump in formal privacy programs translates into budget. Mandates without headcount or tooling tend to produce burned-out privacy leads and shallow compliance. Also keep an eye on whether integrated privacy platforms start pulling ahead of point solutions in future benchmarks, since the 2021 data already hints at that gap.

The question for 2022: will organisations give the privacy seat a real budget and real tooling, or expect more from the same overstretched team?

Key takeaways

  • Formal privacy programs are now nearly universal, jumping 16 points in a year.
  • Cyber risk from third parties and attackers is the top pressure point for privacy leaders in 2021.
  • Agile teams should embed privacy review into the sprint rather than treating it as a year-end audit.
  • Comprehensive privacy platforms correlate with higher maturity scores than stand-alone solutions.
  • Remote work and rising breach volumes have intensified pressure on privacy teams without adding headcount.

Frequently asked questions

What is the TrustArc Global Privacy Benchmarks Report?

It is TrustArc's annual survey of how organisations approach privacy and data security, now in its second year as of the 2021 edition.

How many organisations run a formal privacy program in 2021?

83% of organisations reported having an official privacy office in 2021, compared with 67% in 2020, according to the report.

What is the top privacy challenge for 2021?

51% of privacy leaders named cyber security risks from third parties or attackers as their top concern, per the report.

Does privacy management software actually make a difference?

Yes. Companies using comprehensive privacy management platforms scored higher on TrustArc's Global Privacy Index than those relying on stand-alone solutions.

Who said remote work exposed privacy weaknesses?

TrustArc CEO Chris Babel attributed the increase in privacy pressure to pandemic-era remote work and a rise in cyber security incidents.

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